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DyDo Group fiscal Q2 profit falls YOY

DyDo Group Holdings Inc. said its normalized net income for the fiscal second quarter ended July 20 came to ¥72.14 per share, a decrease of 17.1% from ¥87.01 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.20 billion, a decrease of 17.1% from ¥1.44 billion in the prior-year period.

The normalized profit margin declined to 3.0% from 3.4% in the year-earlier period.

Total revenue decreased on an annual basis to ¥40.36 billion from ¥42.24 billion, and total operating expenses decreased year over year to ¥38.41 billion from ¥39.87 billion.

Reported net income fell 28.4% on an annual basis to ¥1.17 billion, or ¥70.62 per share, from ¥1.63 billion, or ¥98.57 per share.

As of Sept. 3, US$1 was equivalent to ¥104.94.